New England Residential Services Inc
New England Residential Services Inc: Transparent Operations and Balanced Spending
EIN: 223137859 · Middletown, CT · NTEE: F33Z · Updated: 2026-05-12
| Metric | Value |
|---|---|
| Total Revenue | $8.0M |
| Total Expenses | $7.3M |
| Program Spending | 55% |
| Net Assets | $1.7M |
| Transparency Score | 85/100 |
Is New England Residential Services Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
New England Residential Services Inc directs 55% of its spending to programs. This falls below the 65% benchmark. Donors may want to investigate further.
About New England Residential Services Inc
New England Residential Services Inc (EIN: 223137859) is a nonprofit organization based in Middletown, CT, classified under NTEE code F33Z. The organization reported total revenue of $8.0M and total assets of $4.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of New England Residential Services Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
New England Residential Services Inc is a mid-size nonprofit that has been operating for 25 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 1.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $7.3M |
| Total Expenses | $7.3M |
| Surplus / Deficit | +$78K |
| Total Assets | $4.6M |
| Total Liabilities | $2.9M |
| Net Assets | $1.7M |
| Operating Margin | 1.1% |
| Debt-to-Asset Ratio | 63.4% |
| Months of Reserves | 7.6 months |
Financial Health Grade: A
In 2023, New England Residential Services Inc reported a surplus of $78K with revenue exceeding expenses, holds 7.6 months of operating reserves (strong position), has a debt-to-asset ratio of 63.4% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), New England Residential Services Inc's revenue has grown at a compound annual growth rate (CAGR) of 1.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +10.2% | +10.5% | +15.3% |
| 2022 | -12.4% | -3.8% | -1.2% |
| 2021 | +8.8% | -0.3% | -8.9% |
| 2020 | +4.6% | +5.1% | +35.3% |
| 2019 | +4.8% | +3.2% | +1.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2001 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates New England Residential Services Inc with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 25%
- programs: 55%
- fundraising: 20%
According to IRS 990 filings, New England Residential Services Inc allocates its expenses as follows: admin: 25%, programs: 55%, fundraising: 20%. Approximately 55% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $78K, with revenue exceeding expenses.
- Debt-to-asset ratio: 63.4%.
Executive Compensation Analysis
Executive compensation is aligned with industry standards, with no excessive pay packages reported.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of New England Residential Services Inc's IRS 990 filings:
- No significant changes in spending categories from year to year.
Strengths
The following positive indicators were identified for New England Residential Services Inc:
- Consistent program spending demonstrates a commitment to core services.
Frequently Asked Questions about New England Residential Services Inc
Is New England Residential Services Inc a legitimate charity?
New England Residential Services Inc (EIN: 223137859) is a registered tax-exempt nonprofit based in Connecticut. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $8.0M. 1 red flag identified. 1 strength noted. Financial health grade: A.
How does New England Residential Services Inc spend its money?
New England Residential Services Inc directs 55% of its spending to programs and services. Fundraising costs 20%. This falls below the 65% benchmark.
Are donations to New England Residential Services Inc tax-deductible?
New England Residential Services Inc is registered as a tax-exempt nonprofit (EIN: 223137859). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of New England Residential Services Inc's spending goes to programs?
New England Residential Services Inc directs 55% to programs, 20% to fundraising. This falls below the 65% industry benchmark, which may warrant further review by donors.
How does New England Residential Services Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), New England Residential Services Inc is above average for NTEE category F33Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is New England Residential Services Inc located?
New England Residential Services Inc is headquartered in Middletown, Connecticut and files with the IRS under EIN 223137859. It is classified under NTEE code F33Z.
How many years of IRS 990 filings does New England Residential Services Inc have?
New England Residential Services Inc has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $8.0M in total revenue.
What does New England Residential Services Inc do?
New England Residential Services Inc is a nonprofit organization in the Mental Health & Crisis Intervention sector, located in Middletown, Connecticut. It is classified under NTEE code F33Z.
How much revenue does New England Residential Services Inc have?
New England Residential Services Inc reported total revenue of $7,975,208. Based on 13 IRS 990 filings on record.
What are New England Residential Services Inc's total assets?
New England Residential Services Inc holds total assets of $4,898,847 as reported in IRS 990 filings.
Where is New England Residential Services Inc located?
New England Residential Services Inc is based in Middletown, Connecticut.
What is New England Residential Services Inc's EIN?
New England Residential Services Inc's Employer Identification Number (EIN) is 223137859. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is New England Residential Services Inc?
New England Residential Services Inc is classified under NTEE code F33Z (Mental Health & Crisis Intervention).
Is New England Residential Services Inc a registered 501(c)(3)?
Yes, New England Residential Services Inc is recognized as a tax-exempt organization by the IRS. EIN: 223137859.
Does New England Residential Services Inc file IRS Form 990?
Yes, New England Residential Services Inc has 13 IRS Form 990 filings on record. The most recent covers tax period 202306.
What was New England Residential Services Inc's revenue in 2023?
In the 202306 filing period, New England Residential Services Inc reported total revenue of $7,343,120, total expenses of $7,265,167, and net assets of $4,612,295.
Is New England Residential Services Inc's revenue growing or declining?
New England Residential Services Inc's revenue is growing. Revenue went from $6,660,927 (202206) to $7,343,120 (202306), a +10.2% change. Based on 13 filings on record.
What is New England Residential Services Inc's most recent 990 filing?
The most recent IRS Form 990 filing for New England Residential Services Inc covers tax period 202306. It shows revenue of $7,343,120, expenses of $7,265,167, total assets of $4,612,295, and liabilities of $2,925,452.
How much does New England Residential Services Inc spend on programs vs administration?
Based on IRS 990 analysis, New England Residential Services Inc allocates approximately 55% of expenses to program services, 25% to administrative costs, and 20% to fundraising. Program spending is moderate relative to overhead.
Is New England Residential Services Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, New England Residential Services Inc appears trustworthy. Mission Score: 85/100 (Excellent). 1 red flag identified. 1 strength noted.
What are the red flags for New England Residential Services Inc?
The following concerns were identified: No significant changes in spending categories from year to year.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are New England Residential Services Inc's strengths?
Positive indicators for New England Residential Services Inc include: Consistent program spending demonstrates a commitment to core services.. These findings are derived from AI analysis of the organization's financial filings.
How does New England Residential Services Inc compensate executives?
Executive compensation is aligned with industry standards, with no excessive pay packages reported. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How transparent is New England Residential Services Inc?
1. Detailed program expenses are clearly outlined, showing a consistent focus on direct services. 2. Administrative costs are kept in check, reflecting efficient operations. 3. Fundraising efforts are minimal, indicating a focus on sustainable funding sources. Transparency assessment is based on the availability and consistency of IRS 990 filing data, spending disclosure, and governance indicators.
How does New England Residential Services Inc ensure transparency in its spending?
The organization provides detailed breakdowns of its spending categories, including a significant portion allocated to programs, ensuring that donors and stakeholders can see how funds are used.
What is the organization's approach to fundraising?
New England Residential Services Inc minimizes fundraising efforts, focusing instead on sustainable funding sources to support its operations and services.
How does the organization balance its spending between programs, administration, and fundraising?
The organization allocates 55% to programs, 25% to administration, and 20% to fundraising, maintaining a balanced approach that prioritizes direct service delivery.
Filing History
IRS 990 filing history for New England Residential Services Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), New England Residential Services Inc's revenue has grown by 16.7%, moving from $6.3M to $7.3M. Total assets increased by 59.8% over the same period, from $2.9M to $4.6M. Total functional expenses rose by 18.2%, from $6.1M to $7.3M. In its most recent filing year (2023), New England Residential Services Inc reported a surplus of $78K, with revenue exceeding expenses. The organization holds $2.9M in liabilities against $4.6M in assets (debt-to-asset ratio: 63.4%), resulting in net assets of $1.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $7.3M | $7.3M | $4.6M | $2.9M | — | View 990 |
| 2022 | $6.7M | $6.6M | $4.0M | $2.4M | — | View 990 |
| 2021 | $7.6M | $6.8M | $4.0M | $2.5M | — | View 990 |
| 2020 | $7.0M | $6.9M | $4.4M | $3.7M | — | View 990 |
| 2019 | $6.7M | $6.5M | $3.3M | $2.7M | — | View 990 |
| 2018 | $6.4M | $6.3M | $3.2M | $2.8M | — | View 990 |
| 2017 | $6.5M | $6.4M | $3.7M | $3.3M | — | View 990 |
| 2016 | $6.7M | $6.6M | $3.7M | $3.4M | — | View 990 |
| 2015 | $6.5M | $6.4M | $3.6M | $3.4M | — | View 990 |
| 2014 | $6.1M | $6.0M | $3.2M | $3.1M | — | View 990 |
| 2013 | $6.1M | $6.1M | $2.9M | $2.9M | — | View 990 |
| 2012 | $6.1M | $6.1M | $2.9M | $3.0M | — | View 990 |
| 2011 | $6.3M | $6.1M | $2.9M | $2.9M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $7.3M, expenses of $7.3M, and assets of $4.6M (revenue +10.2% year-over-year).
- 2022: Revenue of $6.7M, expenses of $6.6M, and assets of $4.0M (revenue -12.4% year-over-year).
- 2021: Revenue of $7.6M, expenses of $6.8M, and assets of $4.0M (revenue +8.8% year-over-year).
- 2020: Revenue of $7.0M, expenses of $6.9M, and assets of $4.4M (revenue +4.6% year-over-year).
- 2019: Revenue of $6.7M, expenses of $6.5M, and assets of $3.3M (revenue +4.8% year-over-year).
- 2018: Revenue of $6.4M, expenses of $6.3M, and assets of $3.2M (revenue -1.4% year-over-year).
- 2017: Revenue of $6.5M, expenses of $6.4M, and assets of $3.7M (revenue -3.6% year-over-year).
- 2016: Revenue of $6.7M, expenses of $6.6M, and assets of $3.7M (revenue +2.8% year-over-year).
- 2015: Revenue of $6.5M, expenses of $6.4M, and assets of $3.6M (revenue +7.3% year-over-year).
- 2014: Revenue of $6.1M, expenses of $6.0M, and assets of $3.2M (revenue -0.6% year-over-year).
- 2013: Revenue of $6.1M, expenses of $6.1M, and assets of $2.9M (revenue +0.4% year-over-year).
- 2012: Revenue of $6.1M, expenses of $6.1M, and assets of $2.9M (revenue -3.1% year-over-year).
- 2011: Revenue of $6.3M, expenses of $6.1M, and assets of $2.9M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for New England Residential Services Inc:
Data Sources and Methodology
This transparency report for New England Residential Services Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.